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F-Bornheim: Apartment building for investment

€2.590.000,00

Description

Investment property with expansion potential in a very central location in Frankfurt-Bornheim!

The front building is currently divided into three approx. 65 sqm 3-room flats. The flat on the ground floor has a terrace of approx. 8 sqm. The bathrooms in all three flats were renovated in 2016.
The front building can be extended by adding a further floor by approx. 65 sqm of living space!

The rear building is divided into 3 approx. 35 sqm 2-room flats and one approx. 50 sqm 3-room flat.
Three of the flats have a balcony of approx. 6 sqm each.

The net rental income is currently 63,360 euros per year and still offers potential for increase (approx. 68,460 euros per year in total). After the addition of another storey, a total of approx. 82,500 euros per year would be achievable.

The buildings were built around 1920 and were completely renovated in 1994 (including electricity, heating and water pipes, double-glazed windows, all doors). The bathrooms in the front building were renewed in 2016/2017.
The boiler was renewed in 2018.

There is a garage and two parking spaces in the yard.

Disclaimer of liability:
All details, dimensions and prices in this offer are based on information provided by the owner (or a third party). Brigitte Honoré accepts no liability for this. Errors and intermediate dispositions are reserved.

Commission note:
An agency agreement is concluded with the enquiry to and through the use of the services of Bellevie Immobilien e.Kf. Should a notarised purchase contract come into being as a result of our verification or brokerage activities, a commission amounting to 5.8% (incl. 16% VAT) of the purchase price is to be paid to Bellevie Immobilien e.Kf. by the buyer. The commission is earned and due upon conclusion of the contract.